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A lot of VC fund pitches—and I know this because I used to vet VCs for a living as an institutional limited partner at a pensionfund—sound the same. They’re trying to get exposure and diversification at the same time, while potentially seeing co-investment deal flow.
Look, our parents all had pensionfunds. LAYTON: — sources of funds for our industry is going to change as a result of that. It’s been primarily pension, historically. The assumption is, hey, these are big, sophisticated investors, making big investments into companies.
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